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Friday, December 29, 2017

PMetal : In e-meeting, I explained in details why I bought at pullback RM4.93 level ... and then, last night I explained the selling half at RM5.26 as I sold off all this morning at RM5.41-RM5.42.

Well, I bought into PetronM as breakout and sell her off today morning at RM14.90 level. Was queueing RM15.10 but it hit RM15.06 peak. I didnt know ... I was driving and travelling ... only to check that it formed a bearish engulfing. Crazy to chase up this morning ... too bad, those chased up showing ignorant or pure punting went wrong.

Then I used the PMetal and PetronM funds this morning to ADD to my SimePlt which not moving much yet. I have first portion at RM5.42 in my latest trade, so ... I added at RM5.49 this mornng. BINGO ... it closed RM6 due to window dressing. WOW

Failed to close it(andtake huge profit) as I was driving up to Ipoh (writing from Ipoh and no one contact me to meet ... so, I m moving off early in morning up to Penang).

Anyway ... we shall see next week how things work out ... it is 2018.

2017 is a good year for me ... except for mistakes (such as created a VIF and bought AMD ... or holding to losing BJToto?)

Will do better next year with short-term trading (such as touch-n-go PetronM and many in few days trading time frame)

Krono : Broken RM1 level today andwe shall check her at 90cents level. As I bought her up, when it gapped down ... I sold her off at 1.11 and 1.15. Cut-loss and get out when the trend changed is very important for traders ... it is a survival skill which most need to learn ...

While Krono, MMSV ... even VS no longer in play, PENTA reaching for new high. So, we trade Penta ...instead.

Prestar is trading below 20MA ... and if we noticed that it has been well-supported 20MA when it was uptrending ... so, now we could see it is below 20MA ... the selling should be when it confirmed to close below 20MA (textbook rules which I do not follow those rigid text-book .... as I m a trader).

The selling price would be RM1.28 level (Nov 2017), whether one has ride it up ... and sell for profit but for those caught up at the high, cut-loss is still when trend is over.

It is not that we DO NOT know how to see if it is uptrend or downtrend ... but is the ACTIONs that we take which is more important.

Anyway, will write more about downtrend as many uptrending stocks are on the way drifting lower.

Warning : As I m emotional at the moment, that is the BEST time to give 'live' e-meetng about EMOTIONAL TRADING. As I m one of those few real human around blogging ... and sharing, reaching out to my real readers. Join me at your own risk. Haha

Monday, December 18, 2017

2.10pm : Back to KK yesterday ... writing from Putatan, Sabah. Letting kids to play at KIDZ while wife went shopping ... and I could rest here, blogging

I worked with INTI at Putatan for 5 yrs ... my 1st five years in KK. Salary was less than RM3k, I was single and zero-knowledge in any money-sense. In fact, I was one of the greatest-so-called-educated fool when it comes to personal money management. Haha ... Today, I could laugh off those silliness ... and trying to educate myself further regarding wealth accumulation.

I have many good-bd memories in Putatan. A small Malay-town, about 8-10km from KK city.

Well ... one thing for sure, my years here was great. I simply like the simple-lifestyle ... and nice people around.

So ... KK will always be a good place for me to retire ...

Today ... spending my last day here, legs still ache due to Mt Kina climb ... which I will write about that in few days time.

Ok ... on markets ...

KLCI : KLCI still in red ... after surged last week. I sold my YTL (good trade) and only holding to AMBank for the index-linked counters. Oh yes, I forgotten PMetal in KLCI-linked too now ... IJM and BAT taken off. Another taken off was WestPort. Nestle is in .. drink more milo. haha

Well ... met 3 persons in KK, all of them knew me in person : one old timer remisier, one old member whom with me and another ex-student who is totally new but travelled all the way from Tamparuli to have dinner with me ... seeking advice on how to start.

Tuesday, December 12, 2017

Greeting from Sipilok Resort ... went to river-cruise Sg. Kinabatangan.

Taken many pictures ... cloud @ Kinabatangan river around 6pm.

While travelling , I took few trades!!

Inari : Bought Inari-wb at 2.39 while at airport befoe closing last Friday ... and sold 2.44 and 2.48 yesterday morning. Today, it went higher to RM2.50 level. Well, can see my buying Friday the 'why' and sold yesterday ... the 'why'.

But I missed IQgroup rebound ... so well, actually.

Masteel : Bought yesterday morning ... collected 1.33-1.35 level, and sold 1.39 today opening. I could not watch as I was travelling into interior of Kinabatangan, a small orang-sungai at Kg Bilit.

Well ... it went higher as before market closed, I grabbed back some at RM1.42 ... to sell tmr RM1.48 level.

Sime : This is not so well ... queued to buy 2.15, 2.12 and 2.10 ... all done yesterday and closed at RM2.12. Well, wanted to sell around RM2.20 level but today no momentum to swing, so ... I sold off at RM2.12- RM2.13 instead.

Simeprop trading above RM1.40 now, I bought last week around RM1.10 level but sold her off last Friday before flying. Missed another good trade there.

SKPres : Traded well ... bought yesterday RM2.17 when it breakout ... and managed to sell at RM2.25 ... today, a black-candle for me to buyback.

Still on the move in Sandakan tmr before flying back to KK tmr night. So, need to buy into those not so volatile and bottoming stocks.

As I m travelling without 'line' most of the days, I will have to use the charts in my head and use Maybank-apps to trade (key-in buy-sell).

Well, at least the profits would be able to cover my Sandakan trip!!

The life of a trader ... stocks always on our mind.

Note : closed my long FKLI and to gain extra RM300 today!! Great.

No e-meeting for a week or so as I will be up Mt Kinabalu this weekend ... and flying back next week.

Oh yes, I will only plan for a trading workshop in Jan (1st or 2nd weekend). Glad I do have few response. Yes, learn from a trader ... not a trainer. contact me at cpteh@yahoo.com . Can join my stock watch to check on all the stocks I m trading in daily basis. All the trades above given 'live'.

Saturday, December 09, 2017

Morning ... as I m free this morning, I went to TgAru ... took pictures of the beach and waves ... and moz kissed me. Walked for a while ... and took grab to Imago.

Insert photo : tg aru

As I m blogging using my iPad, I still do not know how to post pictures or charts. Hmm ...

Insert photo : imago xmas deco

at Upperstar here ... I do not see Upperstar in KL, so I rest here ... having Tenom Coffee.

Kota Kinabalu is the place I love to stay ... but the cost of living here is not cheap and besides salary here is lower than in KL. Even the tuition rate is more than half of those I m teaching at Subang Jaya. so... as my kids still small, I will still need to support them ...perhaps for another 5-8 years before I could retire ... and travel whole Malaysia. My retirement plan ... actually.

Sandakan trip : will be moving to Sandakan early in the morning tmr ... and will stay for 2-3 nights, travelling to Kinabatangan. anyone to meet in Sandakan, let me know.

Ok ... still not used to blog using iPad and no freedom to surf net etc

Have a nice weekend.

Note : CharlesT and critics, ... you all have a nice weekend too. I will reply to your messages in a blog post. to let you to know more of me la.

Thursday, December 07, 2017

Attention : CharlesT .... you are invited to my e-meeting tonight as I will be talking about the importance of cut-loss and yes, replying to some of your comments. I know you are reading these rubbish.

If you can't make it, do get a proxy.

If you really could not make it(tho I have invited you few times, cordially ... c'mon), I will invite again.

The myths I was trying to share were : Low PE is a BUY and Low RISK trading.

Too many of times we read that 'low PE' .... cheap valuation ... average it down and buy more.

And during market-talk (previews), they will tell us trading is LOW risk (high reward) using their trading system/software. Hmm ... talking about sales gimmicks.

Anyway, generally whatever we were told ... there are stories behind them. Do not believe in many things we heard on the surface ... look it out, backtest and check it ourselves. We are definitely 'smarter' than that, right?

LionInd : broken RM1.30 level ... when it gapped down after QR ... that was a sell point. Once broken RM1.30, alerted to the group again ... so, now, I will see if could buy(to trade) in today.

So ... still taking day-trading : profit from Masteel, Penta ...yesterday BJCorp, SimeProp profited but cut-loss Penta as I taken it back.

Morning ... market sentiment is not improving tho we witnessed new high in DOW last night.

DOW closed 24, 290 level.

It is frustrating to see most markets at high but we are the worst performing market around. Haha ... Malaysia-boleh sytle ... the above chart showin KLCI is trading below 200MA, which generally taken as a longer term trend line ... we are in DOWNTREND and not expecting sentiment to improve any time sooner ...

anyway, we SHOULD focus in our own stocks : if it break support, SELL and GET OUT. This is my 1st pointer .... CAPITAL PRESERVATION, for survival purposes.

Example : many retailers love DUFU ... from the penny to RM1.50 level plus ... fantastic uptrend ... BUY the trend is OVER, I alerted all in my group to exit if it break RM1.27 level ... as some of them might still holding to it. Today ... it hit RM1.10, what a selldown.

Well ... going into 2018, we shall see MORE selldowns ...and I would be very busy showing waterfalls and trying to have more e-meetin ... on CUT LOSS. It is necessary to SELL.

Masteel : It gap up ... I sold on the day it gap up(1.50 level) ... it formed a shooting-star, and STILL went up higher the next day. We have to let it go once it satisfied out trading profit, and alerted all to sell when it started to break RM1.50 days later ... today, at 1.34 ... going back to my entry level soon.

No take profit during shooting-star showing greedy-ness ... those BOUGHT INTO GAP UP, market is NOT for you. Learn simple technical (no need to pay thousands for those trading-courses or software ... get real) ... from some books or articles ... or join my trading group to ASK questions live ... I'd show all my trades live, ya.

It is not difficult to learn basic technical-analysis ... but we need BRAIN. Brain to be logical and undertsand that charting is just a tool. DO NOT complicate things with many lines, indicators ... crazy waves or retracements lines. Take it from me ... I was there. Haha.

Trading is about MINDSET ... and EXPERIENCES.

Nothing to do with those waves or crossovers that they SOLD to you (you need to come for my "Trading Myth" talk ... haha) ... trading is about PLANNING our trades and calculate our RISK.

Selling is the MOST difficult task .... without knowledge, experience or planning ... we cannot survive such volatile markets.

SELLING is a skill ... sellin WITHOUT emotion is greatest experience a good trader should learn. I m still in my learning curve ... to be a good trader.

Monday, December 04, 2017

PMetal : Gap up but I failed to sell in opening ... well, bought when it break above RM5 last week. Pmetal would be placed into KLCI components ... known weeks/months ago.

IJM : Diving further as it would be taken out from the KLCI ... well, do not catch as some funds are exiting.

BAT : I have given enough 'warning' to my group not to buy into this so-called blue-chip even since it is downtrending ... well, the news they closing the PJ-factory is not new ... and the "VAPE" biz plus the illegal-cig squeezing their profits. Now ... another bad news is that they would be taken out of our KLCI ... funds selling continue ... I remembered I caught a good trade when it dived ...

BAT : there ... AUG2016 time ... bought all the way down after three black candle. I bought on the fourth black candle ... minus 8% on that day. Very seldom buying into stocks trading above RM20 ... this one was RM40. Today it is going below RM40 ... and I m no longer interested to catch as ... fo technical rebound trade, we need to have conditions on trading.

Well ... we will have Nestle ... RM100 coming. haha.

Sime : Given birth to two babies --- property and plantation. I prefer SimePlantation. No propety counters for me

Time to move again ... want to write about many ex-KLCI such as BJToto, AirAsia, Gamuda, MMCCorp, YTLPower ... and many more. Do you know that Parkson was index-linked previous? Everyone remember MAS or MHB?

Saturday, December 02, 2017

Suraya Zainudin from ACCESS Blockchain Association Malaysia, a body which supports the application of blockchain technology in industry, gives some good advice.

“My advice is not to go into it if firstly, these investors already have other risky investments. Bitcoin is risky and therefore not a suitable addition to such a person’s portfolio. Note also that cryptocurrencies are susceptible to scams - they are unregulated in many parts of the world and there’s not much victims can do to pursue legal action. Finally, one must have a have high level of digital security knowledge. Aside from scams, it is common to hear of cases where people lose their bitcoins due to hacking and phishing incidences, among others,” she says.

While many saying bitcoin is a bubble, we CAN ride on it ... put the amount that we could afford to LOSE ALL ... and ride on the craziness.

I read that we would be able to trade 'bitcoin-futures' very soon, dont know if my platform provide me that opportunities. We could long ... or short it (suggest not to go against the crazy trend now).